Northeast

Budget balances for states remain too low relative to annual expenditures, according to the National Governors Association and National Association of Budget Officers.

But employees, who have gotten the federal minimum since July 6, will not get back pay yet as the city lacks the funds.

Officials expect to accommodate large cargo ships traveling up the East Coast after the Panama Canal widens.

The former fiscal advisor to the Rhode Island Senate will oversee an office whose creation Gov. Lincoln Chafee sought in his budget proposal.

Proceeds will refund bonds and finance capital projects at the health system's three campuses near Philadelphia.

The rating agency, one day after lowering the state's GO bond rating to Aa2 from Aa1, took further action affecting the Keystone State.

The IRS is auditing $50 million in transportation infrastructure revenue bonds that the Maine Municipal Bond Bank issued in September 2008.

A regulator will allow bond insurer MBIA Inc. to make a payment on surplus notes issued in 2008, the company said.

After a long, bumpy road, Gov. Tom Corbett signs a bill that establishes a framework for infrastructure public-private partnerships.

Gov. Lincoln Chafee's executive order to form a task force on shared services among Central Falls, Pawtucket and East Providence is a credit positive for those stressed Rhode Island cities, according to Moody's Investors Service.